Real estate news

• Hensarling plan for drastic overhaul of CFPB and Dodd-Frank revealed?

  09-02-2017 23:43
  
  A new memo about future plans reportedly from House Financial Services Committee Chairman Rep. Jeb Hensarling, R-Texas, reveals an even more aggressive version of the Financial CHOICE Act, the Republican-led effort to repeal and replace Dodd-Frank. The memo, obtained by CNBC’s by Ylan Mui, shows the Consumer Financial Protection Bureau is slated to face some of the most drastic changes. Is this finally the end for CFPB Director Richard Cordray?
  
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• Ellie Mae adds John Abel as senior vice president, chief information officer

  09-02-2017 23:28
  
  Fresh off another strong quarter and year, Ellie Mae is adding a seasoned executive to it ranks to oversee the company’s internal information technology and systems. Ellie Mae announced recently that John Abel will be joining the company as senior vice president and chief information officer.
  
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• Ellie Mae just misses second straight $100 million quarter

  09-02-2017 23:02
  
  It was another strong year for Ellie Mae, as the company reported Thursday that it saw solid financial results in 2016. And while the company didn’t see a third straight record-breaking quarter from a revenue perspective, the fourth quarter was another solid one for Ellie Mae.
  
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• Here's a snapshot of the CFPB’s monthly mortgage complaints

  09-02-2017 22:49
  
  Each month the Consumer Financial Protection Bureau releases a monthly complaint snapshot generally highlighting all the complaints it receives. This month’s report, however, spotlighted the mortgage industry, giving extra insight to what feedback the bureau is getting from angry homeowners.
  
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• Here's a snapshot of the CFPB monthly mortgage complaints

  09-02-2017 22:49
  
  Each month the Consumer Financial Protection Bureau releases a monthly complaint snapshot generally highlighting all the complaints it receives. This month’s report, however, spotlighted the mortgage industry, giving extra insight to what feedback the bureau is getting from angry homeowners.
  
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• Mortgage Rates Inch Down

  09-02-2017 22:29
  
  The average 30-year fixed-rate mortgage barely budged this week, inching down two points to 4.19 percent, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The 15-year fixed-rate mortgage followed suit to 3.39 percent. The 5-year Treasury-indexed hybrid adjustable-rate mortgage also moved down to 3.21 percent.
  “Rates are at about the same level at which they started the year and have stayed within a two-basis point range over the past three weeks,” say
  
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• Feast on ‘Santa Clarita Diet,’ a Comedy about Real Estate (and Zombies)

  09-02-2017 22:26
  
  A lot of things can go wrong when showing clients around a property. Nerves can get the best of you—especially when your boss has already told you you’ll be fired if you lose this listing. That being said, never in a million years would you expect to puke your guts out—literally—in front of your clients. And while I wish I could say this hasn’t happened, that’s not the case for Drew Barrymore in her new Netflix show “Santa Clarita Diet.”
  In the new
  
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• ‘She Sheds’: Space for Fun, Creativity, Relaxation and Escape

  09-02-2017 22:21
  
  (TNS)—Sometimes, you just want to get away. You crave a little personal space—a place you can relax, work, get creative and make a mess without guilt.
  The best refuge might be waiting in your backyard. That special room may be a she shed.
  A distinctly female counterpoint to macho man caves, she sheds are springing up worldwide.
  “There are many in California, but I also found them in Australia, the United Kingdom, all over,” says author Erica Kotit e, a home and lifestyle
  
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• Franklin First Financial fined $1.25 million for FHA loan violations

  09-02-2017 22:10
  
  Franklin First Financial is set to join a list of mortgage lenders that settled with the Department of Justice for violating Federal Housing Administration lending standards, but unlike Wells Fargo, Walter Investment, and a host of others, Franklin First isn’t settling allegations. Rather, the government accused Franklin First of paying borrowers mortgages to keep them from defaulting, thereby concealing the lender’s default rates.
  
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• Austrian Real Estate Firms Pour Into Berlin Amid Soaring Property Prices - Forbes

  09-02-2017 21:24
  
  Forbes
  Austrian Real Estate Firms Pour Into Berlin Amid Soaring Property Prices
  Forbes
  International real estate developers have descended on Berlin over the past decade as the city's property prices have risen sharply. Home values are up 49% the past five years, elevating the German capital to one of the fastest appreciating markets in ...
  
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• Over 1 Million Properties Shed Underwater Status in 2016

  09-02-2017 19:47
  
  A just-released report reveals underwater properties are steadily declining, with more than one million shifting status in 2016—a possible turning point in the ongoing inventory crisis.
  According to ATTOM Data Solutions’ Year-End 2016 U.S. Home Equity & Underwater Report, the amount of “seriously” underwater properties in the U.S. decreased by over one million last year, while the amount of “equity rich” properties increased by 1.3 million. Seriously under
  
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• Are you one of housing's top young leaders? Prove it

  09-02-2017 19:33
  
  Well, it’s that time of year again.HousingWire is proud to announce the fourth annual HousingWire Rising Stars award program, which honors the next generation of leaders in lending, servicing, investments, and real estate. If you, or someone you know belongs on the 2017 edition of Rising Stars, now is the time to prove it.
  
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• Radian Group CEO steps down, names his successor

  09-02-2017 19:14
  
  Radian Group’s CEO is stepping down and passing the reigns on to a new leader as the company comes off its record-setting year. However, the new appointment comes sooner than expected as CEO S.A. Ibrahim previously announced he would step down after the fulfillment of his contract in December 2017.
  
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• Fire CFPB director? Cordray responds to calls for his head

  09-02-2017 18:45
  
  Consumer Financial Protection Bureau Director Richard Cordray is caught in the crosshairs of one of the biggest battles in Congress, as Democrats run to his aide and Republicans tear him and his agency apart. But despite all this quickly growing controversy, Cordray appears to be conducting business as usual.
  
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• Fitch: Trump tax cuts could force another Fannie Mae, Freddie Mac bailout

  09-02-2017 17:59
  
  Speaking before a meeting with airline executives, President Donald Trump said Thursday that his administration plans to unveil a tax reform plan in the coming weeks, with changes to corporate and personal taxes likely on the agenda.While those changes would likely be well received by corporate America, a new report from Fitch Ratings suggests that cutting corporate tax rates by as much as the president suggested could lead to Fannie Mae and Freddie Mac needing another bailout from the governmen
  
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• Realtors: Majority of metros hit peak levels in 2016

  09-02-2017 16:57
  
  During 2016 the housing market saw existing home prices hit new highs in many markets, and housing inventory hit new lows. While this sounds great for sellers, home buyers struggle to find an affordable home. NAR explains when homebuyers should start searching for a home to avoid competition and get the best price.
  
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• Freddie Mac: Mortgage rates drop after week of mixed economics reports

  09-02-2017 16:01
  
  Mortgage rates dropped slightly this week after a round of mixed economics reports and rising uncertainty in the administration’s fiscal policies. Freddie Mac’s chief economist talks about the holding pattern, and why rates hovered within 2 basis points for the past three weeks.
  
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• Valuation Dashboard: Financials And Real Estate - Update ... - Seeking Alpha

  09-02-2017 14:36
  Seeking Alpha
  Valuation Dashboard: Financials And Real Estate - Update ...
  Seeking Alpha
  Valuation metrics in Financials and Real Estate sectors. Evolution since last month. A list of stocks looking cheap in their industries.and more »
  
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• Executive Conversation: Art Castner on robust, dynamic property insurance solutions

  09-02-2017 07:00
  
  HousingWire sits down with Art Castner, president of National General Lender Services, to discuss how dynamic property insurance solutions can adapt to servicers’ growth while helping them stay compliant.
  
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• A private mortgage insurer’s view on the FHA mortgage insurance premium suspension

  09-02-2017 00:14
  
  When the Department of Housing and Urban Development announced it suspended the reduction of FHA mortgage insurance premiums, it helped the private mortgage insurance market retain $10 billion in volume. Duane Duncan, head of Government relations at Genworth, gave an inside perspective of how the move impacts the private sector, whether it's reenacted or forever off the table.
  
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